3 Signals fired here today. Counter signals most likely are coming from down day with heavy rejection.
So 2 ways to read this trade right now. Counter trend but early to reversal. If all 3 signals are false on this trade then have to re-analyze signals and re-tool indicators for this algo.
Backtest has 100% win rate on this pair with only 2 trades.
Negatives: Against GUPPY trend
Trade active
All signals are pointing to long. This was a counter trend trade and should have waited a day for better entry. Up 15pips
Trade active
-32 pips down. TSI W bull bias. TSI D counter signals with bear bias. 10/5 EMA counter signals.
Staying in going with overall longer term slight uptrend.
Trade active
State: -33P down. Same as yesterday. SL almost hit but good rejection so far today TSI-W: bull bias TSI-D: mixed signals last signal bear and bear bias 10/5:cross down on daily RSIEMA: short signal, bear bias RVI:bull signal with bull bias Weekly: below weekly open Daily: just cross daily open SuperG: bear bias, changing to range EMA: below 200, 40 and a 10/5 cross Price Action: With the daily rejection will have to see some serious move around to stay in but willing to give it a little room here to get better exit as price is going in the right direction with some signals
Trade closed: stop reached
News on the 1st whipsawed price. Should have exited position. Need to be better at ensuring I'm following the news with this new trade algo.
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